Distribution of Property to Partners. In the event that any property (other than cash) is distributed by the Partnership to a Partner, gain or loss will be allocated to the Partners as if there were a taxable disposition of such property on the date of distribution.
Appears in 4 contracts
Samples: Limited Partnership Agreement (Lyondell Houston Refinery Inc.), Limited Partnership Agreement (Lyondell Chemical Co), Credit Agreement (Lyondell Chemical Co)
